Commercial real estate in Kailua will never again be the same when the Harold K.L. Castle Foundation sells its commercial real estate portfolio, which is managed by Kanoehe Ranch.  These holdings were recently put on the market, according to the Pacific Business News, this morning.

It is not yet known what the offer price for the Kailua real estate is, but it is my estimation that Kaneohe Ranch's holdings include about 3/4 of all Kailua commercial real estate, so the price will be in the hundreds of millions.  The Castle Foundation owns interests in the commercial real estate in downtown Kailua shopping centers where Whole Foods, Safeway, Foodland, Long's Drugs, Macy's and Times Market are located, among other areas and major tenants. The Kaneohe Ranch portfolio also includes interests in some Kaneohe, Honolulu and Mainland locations.

The effect on its Kailua tenants and the future development of Kailua Town, in general, remains to be seen. Kaneohe Ranch has been progressively tearing down and rebuilding, and refurbishing commercial buildings in Kailua, with an overall goal of creating a walkable, pedestrian, and community friendly Kailua Downtown Plan.

Earlier this year, Kaneohe Ranch also closed on the sale of over 67 acres in the Hamakua Hillside and Marsh to the State of Hawaii, as part of its wetland and watershed protection, endangered species protection, open space preservation, and public education and recreation efforts.  In 2011, Target Corporation bought a large parcel of the Castle/Kaneohe Ranch property for development of a Kailua store for $22.5M.

~Aloha

Whole Foods Living Wall Kaneohe Ranch Kailua


Authored by: Yvonne Jaramillo Ahearn
(c) Copyright, 2007-2013. Yvonne Jaramillo Ahearn. Reuse with permission only.

Yvonne Ahearn Honolulu Real Estate Kailua Realtor Honolulu Realtor Homes in HawaiiYvonne Jaramillo Ahearn, Esq. (B), REALTOR
Principal Broker/Owner, CRS, GRI, ABR, CLHMS, e-PRO
808-721-8088
HomeShoppeHawaii.com

Full-service Real Estate Brokerage, Serving All Areas of Oahu, including Honolulu, Hawaii Kai, Waimanalo, Kailua, Kaneohe, North Shore & the Windward Coast

Oahu Luxury Homes | Oahu Luxury Home REALTOR | Oahu Real Estate | Honolulu Luxury Real Estate | Oahu Realtor | Kailua REALTOR| Hawaii Kai REALTOR| Oahu Luxury Real Estate | Kailua Real Estate| Hawaii Kai Real Estate| Homes for Sale on Oahu| Oahu Condos | Honolulu Luxury Condominiums| Gold Coast Condominiums | Homes for Sale on Oahui | East Oahu Real Estate| Kailua Hawaii Real Estate| Oahu Real Estate Market Data

 


Honolulu St. Patrick's Day Celebrations
03/17/2013
share
You'd think that Saint Patrick's Day might not be a popular holiday in Hawaii, but that's not the case. There are several St. Patrick's Day Celebrations in Honolulu today. Photo By Phyzome under the GFDL. (Phyzome) [GFDL (http://www. gnu. org… more
NEW: HONOLULU LUXURY REAL ESTATE IN PORTLOCK, HAWAII KAI
03/07/2013
share
I saw a beautiful new Portlock Hawaii Kai Listing for Sale at broker's open today: 444 Portlock Road in Hawaii Kai. This Portlock luxury home is a modern craftsman-style, wood home with 6 bedrooms and 5 baths. It has a potential to be split into a… more
KAILUA REAL ESTATE | COUNTRY CLUB KNOLL NEIGHBORHOOD - 2012 SOLD HOMES
03/07/2013
share
This article originally appeared at Home Shoppe Hawaii Blog: http://www. homeshoppehawaii. com/blog/2013/2/14/kailua-real-estate-country-club-knoll-neighborhood-2012-sold. html Kailua's Country Club Knoll neighborhood is a very desirable upscale… more
Kailua Real Estate | Kailua Bluffs Neighborhood - 2012 Sold Homes
03/07/2013
share
Kailua Bluffs neighborhood Kailua real estate sales, in 2012, totalled 6. Prices for this area of Kailua real estate ranged from $499, 000 to $969, 000. Kailua Bluffs in Kailua has an average sales price of $746, 166, making it a well priced and more… more
KAILUA REAL ESTATE | HILLCREST NEIGHBORHOOD - 2012 SOLD HOMES
03/07/2013
share
The Hillcrest neighborhood in Kailua had 10 home sales in 2012. This area was a little slower moving than most in Kailua with an average of 127 DOM. All the homes sold for or just under asking price with the average sale price for 2012 at $912, 270… more
Ka Malanai Releases New Floor Plan - New Kailua Condominiums
03/07/2013
share
Here ya go!!! Another great 3 bedroom unit. This floor plan features a large open kitchen with island, 2 lanais, a separate dining room, and along with a giant master suite with walk-in closet. Ka Malanai is Kailua's first new construction condos… more
Is Moving to Hawaii on YOUR Bucket List?
03/03/2013
share
Making the decision to move to Hawaii was one of the best decisions my husband and I ever made. I had previously lived on Maui and now we live on Oahu. We’ve been here in Hawaii almost 9 years now, not including Maui time. My own past took me… more
Kailua Real Estate | Coconut Grove Neighborhood - 2012 Sold Homes
02/25/2013
share
Sales in the Coconut Grove neighborhood of Kailua were brisk in 2012, as were in most other areas of Kailua. There were 44 sales and the average sales price in Coconut Grove Kailua in 2012 was $647, 030, making it one of the more affordable areas… more
Kailua Real Estate | Aikahi Park Neighborhood - 2012 Sold Homes
02/25/2013
share
Aikahi Park neighborhood is popular with retired military and young families who want to be in the Aikahi School district, among others. Prices generally range from about $750, 000 up to $1, 200, 000. Aikahi Park Kailua homes seemed to be in high… more
 
Yvonne Ahearn (B) REALTOR, CRS, GRI, ABR -Owner/Broker, Home Shoppe Hawaii, Yvonne Jaramillo Ahearn - Home Shoppe Hawaii (Oahu Luxury & Beachfront Homes and Condominiums) Rainmaker_large

Yvonne Ahearn (B) REALTOR, CRS, GRI, ABR -Owner/Broker, Home Shoppe Hawaii

Yvonne Jaramillo Ahearn - Home Shoppe Hawaii

Kailua, HI

More about me…

Oahu Luxury & Beachfront Homes and Condominiums

Address: Serving Clients Island-Wide, Oahu, HI

Office Phone: (808) 721-8088

Cell Phone: (808) 721-8088

Email Me

Author Bio: Yvonne Jaramillo Ahearn, Esq. Owner/Principal Broker Home Shoppe Hawaii. Yvonne Ahearn is a two-time Aloha Aina "People's Choice" REALTOR Award Winner and licensed attorney. Yvonne works with Buyers and sellers of Oahu real estate at all price points.

Oahu lifestyle and real estate information. Moving to Oahu. Buying a home on Oahu. Oahu beach homes and luxury Oahu homes. Homebuying in Oahu, Honolulu, Kailua Homes for sale

Oahu Real Estate / Oahu Homes For Sale / Luxury Homes on Oahu/Hawaii Beachfront Homes for Sale

Visit me at HomeShoppeHawaii.com

 

Become a Fan of My Page:

 



Listings

Links

Archives

RSS 2.0 Feed for this blog

Find HI real estate agents and Kailua real estate on ActiveRain.